Indra Sistemas, S.A (ISMAF) fair value: what the stock is really worth
As of Sep 29, 2026: fair value of Indra Sistemas, S.A $58.68, price $65.07, upside -9.8%, quality 49 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? No
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Indra Sistemas, S.A
ISMAF · USWeak valuationQuality is weak on top of the rich price.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range $7.86 – $73.15 · fair‑value band $31.30 – $84.27 · the $65.07 price screens above the $58.68 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 23, 2026.
Company profile
Indra Sistemas, S.A., together with its subsidiaries, provides technology services for the defense, aerospace, and advanced digital technologies sectors in Spain, Brazil, the rest of America, Italy, the rest of Europe, Asia, the Middle East, and Africa. It operates through the Defense, Air Traffic, Mobility, and Minsait segments.
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Indra Sistemas, S.A., together with its subsidiaries, provides technology services for the defense, aerospace, and advanced digital technologies sectors in Spain, Brazil, the rest of America, Italy, the rest of Europe, Asia, the Middle East, and Africa. It operates through the Defense, Air Traffic, Mobility, and Minsait segments. The company engages in the design, development, production, integration, and maintenance of systems, solutions, and services based on the use of information technologies, including computing, electronics, and communications. It also offers radars and radar systems, air defense systems, surveillance, security and unmanned vehicles, and shipboard systems for air and naval platforms; command and control systems, communications systems, and simulators; land military vehicles; unmanned aerial systems; satellite communication systems; air traffic management systems and equipment; air traffic control training services; and ticketing and tolling systems, information and control systems for multiple infrastructures and modes of transport, railway safety and signaling systems, and transport planning and consulting services. In addition, the company provides proprietary product solutions; implementation of third-party solutions; digital business services, including business consulting, cybersecurity, and advanced technologies; traditional information technology (IT) services, such as IT outsourcing, business process outsourcing, IT restructuring management, and user management; and technology solutions for the energy and industry, telecom and media, public administration and healthcare, and financial services. It offers its services to governments and public administrations under the Indra and Minsait brands. The company was formerly known as Experiencias Industriales S.A. and changed its name to Indra Sistemas, S.A. in 1993. Indra Sistemas, S.A. was founded in 1921 and is headquartered in Alcobendas, Spain.
Stock analysis
Indra Sistemas, S.A (ISMAF) currently trades at $65.07, while our model-based Fair Value estimate is $58.68, so the stock looks roughly fairly valued today (gap 10.9%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $57.70 per share, and 5 of the 24 models we run sit above the $65.07 price.
Bear case: the Asset-Based group reads lowest at $8.59, and 19 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: $31.30 (bear) to $84.27 (bull), the price of $65.07 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 49/100 (below-average quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Indra Sistemas, S.A reported revenue of €5.5B in FY2025 versus €3.4B in FY2021, a compound +12.6%/yr. Reported net income was €436M in FY2025, compounding +32.0%/yr from FY2021.
Key figures
Market cap $11.4B · P/E ratio 21.8 · P/S ratio 1.74 · EPS (TTM) $2.99 · Net margin 8.0% · Return on equity 26.5% · Return on assets (EBIT) 6.9% · Operating margin 8.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (medium confidence).
What moves the price
The share trades about 11% below its 52-week high and 61% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at 44% fair-value upside, at −10%, ISMAF screens richer than that median.
Fair Value models
All 24 models by family
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Set up alert →Quality Score breakdown
Of which business quality 48 · Market factors (momentum, volatility) 66
Revenue & earnings trend
Growth Forecast
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Earlier news
- Indra Sistemas, S.A. reports 1H results
- European Market's Hidden Value: Indra Sistemas And 2 Other Stocks With Estimated Undervaluation
- Indra Sistemas reports Q1 results
Compare Indra Sistemas, S.A with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Information Technology Services · 467 stocks
Valuation Multiplesvs Information Technology Services median · lower = cheaper
Context: sector, industry, market
- Is the Information Technology sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Information Technology Services stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| International Business Machines Corporation IBM | $219.93 | $186.56 | −15% |
| Accenture plc ACN | $183.37 | $305.06 | +66% |
| Tata Consultancy Services Limited TCS | ₹2,082 | ₹2,993 | +44% |
| Infosys Limited INFY | ₹994.10 | ₹1,691 | +70% |
| HCL Technologies Limited HCLTECH | ₹1,243 | ₹1,926 | +55% |
| Cognizant Technology Solutions Corporation CTSH | $56.84 | $138.62 | +144% |
| Amadeus IT Group AMS | €52.80 | €65.98 | +25% |
| Broadridge Financial Solutions, Inc BR | $161.15 | $159.88 | −1% |
| Fidelity National Information Services, Inc FIS | $33.35 | $32.72 | −2% |
| CDW Corporation CDW | $129.71 | $165.54 | +28% |
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Key figures of Indra Sistemas, S.A
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